Treasury Data Registry

Reported to IRS on Form 1099-C: The dollar amount of debts that the agency reported to the IRS on IRS Form 1099-C as potential
income to a debtor or debtors during the most recent tax year (previous calendar year). Agencies must submit a Form 1099-C
for all closed-out debts in a given calendar year no later than the end of February of the subsequent calendar year. For
example, if a debt is written off in March 2004, and the agency decides to terminate all collection efforts in June 2005,
the debt amount could be reported to IRS any time after termination of collection but before the end of February 2006. Most
agencies wait to file 1099-Cs until after the close of the tax year. Assuming this is the agency's practice, in this example,
the agency would report on this line in the 2nd quarter, FY 2006 TROR, and that number would not change over the next three
quarters.